Dhaka, May 13 -- Hinting at reducing the deficit in the budget for the next fiscal year 2025-2026, Finance Advisor Salehuddin Ahmed has said the policy of implementing mega projects by borrowing money is not part of his strategy.

He made the remarks following a meeting of the Advisory Council on Government Procurement on Tuesday.

Former finance minister Abul Hassan Mahmood Ali had set a budget of Tk 7.97 trillion for the 2024-2025 fiscal year with an estimated deficit of Tk 2.51 trillion.

However, his budget focused on austerity to avoid potential economic risks.

Within two months of the budget's announcement, the Awami League government fell.

The interim government formed in August pursued the previous regime's austerity policy in a...